By: KDKA-TV News Staff
PITTSBURGH (KDKA) – The Pittsburgh Penguins got nearly $5 million in loans from a federal rescue package meant to help small businesses during the coronavirus pandemic.READ MORE: 18-Year-Old Accused Of Sending Inappropriate Photos On Snapchat To Teenage Girl In Custody
The Penguins said in a statement that they borrowed $4.8 million in mid-August under the CARES Act after the arena closed in March. They said their landlord, the Sports & Exhibition Authority, denied a temporary deferral of their annual rent payment.READ MORE: Know The Score: November 26, 2021
They say the loan was used to pay their $6.1 million rent to the SEA, which the public agency used to make its required bond payment.MORE NEWS: Jarry, Pens Keep Isles Winless In New Arena, 1-0
“The SEA indicated it is facing similar financial difficulties due to the closure of the SEA-owned Convention Center, and we are pleased that these funds were used to support an important public agency during these challenging times,” the Pens’ statement says.